Fixed deposit schemes offered by non-banking finance companies and housing finance companies are also called corporate FDs or company FDs. Here are top 5 corporate fixed deposits with highest safety ratings of AAA.
Best AAA-rated corporate fixed deposits with high interest rates: Fixed deposits (FDs) remain a popular investment choice for investors who want to safeguard their savings against volatility and look for steady return. Financial institutions like banks, non-banking financial companies (NBFCs) and post office offer a variety of fixed deposit schemes for regular and senior citizens.
One of the criteria for choosing a fixed deposit is rating of schemes. The rating indicates safety of timely repayment of interest payment and principal amount. The higher the ratings the safer is FDs. CRISIL, ICRA and other rating agencies provide ratings to various fixed deposit schemes based on the safety and stability with the repayment of your deposits lying with these financial institutions.
Fixed deposit schemes offered by non-banking finance companies and housing finance companies are also called corporate FDs or company FDs. Here are the top 5 corporate fixed deposits with highest safety ratings of AAA or AA+. The list is based on data compiled by paisabazaar.com.
Bajaj Finance
Ratings:
CRISIL-AAA/Stable
ICRA-AAA/Stable
The NBFC is offering interest rates ranging 7.4% to 8.1% interest rates on tenures from 12 months to 60 months. For senior citizens, the non-bank lender is offering 0.25% extra.
Mahindra Finance
Ratings:
CRISIL-AAA/Stable
IND AAA/Stable by India Ratings
The NBFC is offering investors interests in the range of 7.6% to 8.05% on tenures of 12 months to 60 months. Senior citizens are offered 0.25% per annum extra.
Read More: HDFC Bank Vs Axis Bank Vs ICICI Bank: Check Detailed Comparison of FD Rates
Sundaram Home Finance
Ratings:
CRISIL-AAA/Stable
ICRA-AAA/Stable
Sundaram Home Finance is offering an interest rate of up to 7.9% on tenures ranging 1 year to 5 years to regular customers and up to 30 bps extra to its senior citizen customers.
LIC Housing Finance
Ratings:
CRISIL-AAA/Stable
LIC Housing Finance is offering rates in the range of 7.25% to 7.75% on up to 5 years tenure. Senior citizens get 25 bps extra.
ICICI Home Finance
CRISIL-AAA/Stable
ICRA-AAA/Stable
CARE-AAA/Stable
ICICI Home Finance regular customers are offered interest rates of 7.25% to 7.6% on tenures up to 60 months. Senior citizens are offered 0.25% additional rate of interest.
